Kernohan, Edmonton - July 2026 Real Estate Report

Kernohan, Edmonton: Your Neighbour's House Is Worth More Than the City Thinks

If you've been watching the "For Sale" signs on your street and wondering what's actually going on with prices in Kernohan, here's the straight answer: the city's assessment is lagging behind reality, and the gap is worth real money to you.

The Vibe - Houses vs. Condos in Kernohan

Let's break down what's happening for us here in Kernohan, because houses and condos are telling two different stories right now.

Houses: Moving Fast, Priced Right

• Average sale price: $359,133 - up 2.8% from last month
• Average list price this month: $374,900
• Price per square foot: $297
• Homes selling in just 17 days on average
• Sold-to-list ratio: 97.36% - buyers are paying close to asking
• HonestDoor predicted value: $387,364
• Estimated rent: $1,990 per month with a 5.86% rental yield
• 33 property transactions recorded in 2026

Houses here are moving faster than River Valley Hermitage, where homes sit for 23 days. We're at 17 days. That's not a slow market - that's a neighbourhood where buyers are making decisions quickly. Prices are up month over month, and the predicted market value of $387,364 is already climbing past the 3-month moving average of $386,257. The momentum is real.

On the neighbourhood leaderboard, Kernohan houses rank 117 out of 302 for growth - solidly above average in Edmonton. For days on market, we rank 16 out of 103. That means we're in the top tier for how fast homes sell across the entire city. Affordable too - price rank sits at 249 out of 285, which means buyers get a lot of neighbourhood for their dollar here.

Condos: Quiet but Climbing

• Average sale price: $200,500
• Average list price this month: $196,900
• Price per square foot: $222
• Properties averaging 74 days on market
• Sold-to-list ratio: 94.46%
• HonestDoor predicted value: $246,545
• Estimated rent: $1,337 per month with a 4.28% rental yield
• 10 property transactions recorded in 2026

Condos are taking a breather on the sales side - 74 days on market is slower, and only 2 units sold recently. But here's what's interesting: the predicted market value of $246,545 is well above the 3-month moving average of $240,843, meaning values are quietly ticking up. Condo growth in Kernohan ranks 33 out of 296 neighbourhoods in Edmonton. That puts us in the top performers citywide - even if the sales pace feels slow right now.

One more thing worth noting: Kernohan condos are outpriced by both River Valley Hermitage ($207,500 sold) and Belmont ($226,000 sold) in recent sales. But our HonestDoor Price of $245,295 is still well above every nearby neighbourhood for condos. We're holding our own.

The Secret Sauce - Why Your HonestDoor Price Matters More Than Your Tax Assessment Right Now

Here's the thing about the city's assessed value: it's a snapshot from the past. It doesn't know what sold on your street last month, and it doesn't adjust in real time.

For houses in Kernohan, the city's average assessed value is $370,646. The HonestDoor Price is $391,184. That's a gap of over $20,000 - and it's 5.54% higher than the average assessed value across Edmonton. If you're making any financial decision based on your tax notice, you're working with an outdated number.

For condos, the city assessed an average of $240,566. The HonestDoor Price is $245,295. Smaller gap, but still a real-world check that's more current than what the city sent you in the mail.

The HonestDoor Price updates continuously using actual market activity. It's the number a buyer's agent is probably already looking at. You should be too.

The "So What?" - Thinking About Selling This Summer?

If you own a house in Kernohan and you're thinking about listing this summer, the timing is worth a serious look. Homes are selling in 17 days. Buyers are paying 97.36% of list price. Sale prices are up 2.8% in a single month. That's not a market that's cooling - that's a market with buyers ready to move.

Listing around the $374,900 range aligns with where the market is active right now. And with a HonestDoor Price of $391,184 as your real-world benchmark, you have a solid anchor for pricing conversations with your agent.

For condo owners, the picture is more patient. Sales are slower and buyers have more room to negotiate - that 94.46% sold-to-list ratio means expect some back and forth. But the growth rank of 33 out of 296 tells you the underlying value is there. If you don't need to sell right now, waiting isn't a bad play.

Either way, the first step is checking your HonestDoor Price at HonestDoor.com. It takes about 30 seconds, and it'll tell you more about what your home is worth today than any government notice will.

This information is all based on our opinions based on the information available to us. Everyone's situation may be different and you should reach out to us for more personalized information.